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By Dawit Endeshaw ADDIS ABABA (Reuters) – Ethiopia’s new $3.4 billion financing deal with the International Monetary Fund paves the way for completion of its long-delayed debt restructuring in the next three to six months, a senior finance ministry official said on Tuesday. The announcement of the four-year, $3.4 billion programme on Monday came hours …

Ethiopia’s IMF deal paves way for debt restructuring, official says Read More »

KINSHASA (Reuters) – Democratic Republic of Congo’s government on Monday accused M23 rebels and Rwandan forces backing them of sending false navigation signals to disrupt air traffic over the country’s eastern North Kivu province, where Congo’s army is locked in fighting with the M23. The Tutsi-led M23 have been waging a fresh insurgency in the …

DR Congo government says M23 rebels, Rwanda disrupting local air traffic Read More »

By Bhargav Acharya and Tannur Anders JOHANNESBURG (Reuters) -Former South African president Jacob Zuma has been expelled from the African National Congress after backing a rival party in May’s parliamentary election, the ANC said on Monday. Zuma was suspended from his long-time party in January after announcing he would support the new uMkhonto we Sizwe …

South Africa’s ANC expels former president Zuma after election betrayal Read More »

CAPE TOWN (Reuters) – French oil major TotalEnergies said on Monday it would withdraw from an offshore natural gas block off South Africa’s southern coast because developing the finds commercially would be too difficult. Earlier this month, TotalEnergies had signalled its intention to withdraw from Block 11B/12B, dealing a blow to South Africa’s efforts to …

TotalEnergies says will quit South African offshore gas block Read More »

ADDIS ABABA (Reuters) -Ethiopian Airlines posted revenue of $7 billion for its 2023/24 financial year, up from $6.1 billion a year earlier, helped by higher passenger numbers, state-owned Ethiopian Broadcasting Corporation (EBC) reported on Monday. The airline carried 17.1 million passengers in the same period, up 23%, the broadcaster quoted Ethiopian Airlines Chief Executive Mesfin …

Ethiopian Airlines posts 14% jump in full-year revenue Read More »

CAIRO (Reuters) -Yemenia Airways will resume commercial flights from Sanaa to Egypt and India, the Houthi-run Saba news agency said on Sunday, as part of a deal between opposing sides in Yemen’s civil war. The service to Egypt will resume on Tuesday after a Sunday flight was cancelled. Flights to India were resuming on Sunday. …

Yemenia Airways to resume flights to Cairo and India from Sanaa Read More »

BENGHAZI (Reuters) – A Libyan court has jailed 12 officials in connection with the collapse of a series of dams in Derna last year that killed thousands of the city’s residents, the Attorney General said on Sunday. The officials, who were responsible for managing the country’s dams, were sentenced to between 9 and 27 years …

Libyan court jails 12 officials over deadly floods Read More »